Central Banks
ECB Rate-Hike Spat Ramps Up as Visco Slams Hawkish Colleagues
- Bank of Italy governor speaks out after Holzmann comments
- ‘Uncertainty is so high,’ Visco says; wants ‘prudent’ approach
Ignazio Visco
Photographer: Alessia Pierdomenico/BloombergThis article is for subscribers only.
Ignazio Visco openly criticized hawkish European Central Bank colleagues for making statements about future increases in borrowing costs when officials had agreed not to give such guidance.
The outburst by the Bank of Italy governor, in added remarks at the end of a speech in Rome on Wednesday, is a pointed public attack that hints at rising tensions behind closed doors in advance of next week’s decision.